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nato and the u.s. umbrella over nato and the u.s. taking money into nato. there are some in the fighting moments coming read this have to the future of nato and the transatlantic relationship in dealing with this range of issues going all across the south of europe that has a direct effect on them. there's a day of reckoning. i wish i could be more optimistic on it. we all see what the fiscal constraints are in the austerity being proposed. they are going to have to come to the point with some tough decisions to make because the u.s. is not going to be there at the level land presence and protection that they are used to and have relied on in the past. >> mr. mcfarland. >> our budget legacy -- nice to see you. >> thank you for coming. more than 30 years of service. the energy and natural resources committee, we are continuing to san $400 billion a year overseas to buy oil. your colleague senator lugar for a long time told us the only way to beat a cartel, sponsored open fuel standard, basically make a competitive market, the move, automobiles, trucks, weather is electrici
and we should pay tribute to all those in the european union, alongside nato, who made that happen. but today them overriding, the main purpose of the european union is different. not to in piece, but to secure prosperity. the challenges come not from within this continent but from outside. from the surging economies in the east and the south. now, of course, a growing world economy benefits us all, but we should be in no doubt that a new global race of nations is underway today. a race for the wealth and for the jobs of the future. the map of global influence is changing before our eyes. and these changes are already being felt by the entrepreneur in the netherlands, the worker in germany, the family in britain. so i want to speak to you today with urgency and frankness about the european union and how it does change, both to deliver prosperity and to retain the support of its peoples. but first, i want to set out the spirit in which i approach these issues. i know that the united kingdom is sometimes seen as an argumentative and rather strong-minded member of the family of europe
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